Sorl Auto Parts (SORL) Set to Announce Quarterly Earnings on Wednesday

Sorl Auto Parts (NASDAQ:SORL) is set to post its quarterly earnings results after the market closes on Wednesday, May 15th. Analysts expect Sorl Auto Parts to post earnings of $0.27 per share for the quarter. Sorl Auto Parts has set its FY 2019 guidance at EPS.

Sorl Auto Parts (NASDAQ:SORL) last posted its quarterly earnings data on Monday, April 1st. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.04). Sorl Auto Parts had a return on equity of 11.32% and a net margin of 2.72%. The firm had revenue of $123.30 million during the quarter, compared to analyst estimates of $104.95 million. On average, analysts expect Sorl Auto Parts to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Sorl Auto Parts stock traded up $0.02 during midday trading on Tuesday, reaching $3.54. The stock had a trading volume of 887 shares, compared to its average volume of 81,520. Sorl Auto Parts has a twelve month low of $1.77 and a twelve month high of $6.88. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.72 and a current ratio of 1.08. The firm has a market capitalization of $68.32 million, a price-to-earnings ratio of 2.88 and a beta of 2.56.

A number of equities analysts recently commented on the stock. Zacks Investment Research raised shares of Sorl Auto Parts from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 22nd. ValuEngine raised shares of Sorl Auto Parts from a “strong sell” rating to a “sell” rating in a research note on Monday, February 4th.

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Sorl Auto Parts Company Profile

SORL Auto Parts, Inc, together with its subsidiaries, develops, manufactures, and distributes automotive brake systems and other safety related auto parts to automotive original equipment manufacturers and the related aftermarket in the People's Republic of China. It operates through two segments, Commercial Vehicles Brake Systems and Passenger Vehicles Brake Systems.

See Also: Cost of Capital

Earnings History for Sorl Auto Parts (NASDAQ:SORL)

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